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A fear has set in among property investors who are offloading their apartments at a discounted rate from what builders are quoting. With property prices in correction mode, do private equity players think that it is the right time to strike deals in India? […] The Reserve Bank of India has approved the amalgamation of Sangli Bank Limited with ICICI Bank Limited . The effective date of the amalgamation is April 19, 2007. The amalgamation has already been approved by the Boards of Directors and … […] French electrical major Schneider Electricals SA is in advanced stages of negotiations with the Mumbai-based Shah family to acquire Anchor Electricals, the country’s leading electrical equipment maker. The deal is estimated to be worth over Rs 2,400 crore. […] The government has decided to go with the Reserve Bank of India (RBI) and refuse FII status to foreign direct investment (FDI) received by real estate companies through private placement of equity. […] |